In our previous blog post, we commented that the Department of Labor’s (DOL) fiduciary rule proposal can be viewed as the “ERISA-fication” of Individual Retirement Accounts (IRAs). For example, the DOL’s proposal includes a new proposed exemption called the Best Interest Contract Exemption…

The retirement services industry is abuzz about the Department of Labor’s (DOL) proposal to amend its rules on when a person becomes an ERISA “fiduciary” by providing investment advice. Proponents of the DOL’s proposal claim that it simply requires financial professionals to act in the best…

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